retrenchment
4
8.1
- noun
- /rɪˈtrɛnʧmənt/
- Formal
- During times of economic uncertainty, governments often resort to retrenchment to manage public spending effectively.
- retrenchment policy
- period of retrenchment
- financial retrenchment
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Watch on YouTubeSo is the United States, are we a country right now that's in retrenchment or are we a country that's in retreat?
- So is the United States, are we a country right now that's in retrenchment or are we a country that's in retreat?
Examples
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These include the continuing retrenchment in China, the trend begun in the pre Beijing Olympics.
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To correct it will require a severe retrenchment of domestic consumption.
Academic text (2012) -
In the face of this, what can you do if faced with retrenchment from your job?
Blog text (7) -
Governments were in retrenchment, trying, struggling to do more with less.
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A productive alternative to simple retrenchment would be a large public works program, which the economy could use.
Academic text (1991) -
Radical retrenchment of social policy in the U.S. seems unlikely, though certainly not impossible.
Academic text (2004) -
Remember that the Jim Crow order began with retrenchment and a radical reduction of government services.
Academic text (2017) -
The state no longer vetoes private sector retrenchment; tens of thousands are being laid off.
Academic text (1991) -
Alternatively, current national economic conditions have resulted in hiring freezes as well as retrenchment in colleges and universities.
Academic text (1994) -
The employment situation also has deteriorated due to the retrenchment, privatization, and closure of SOEs.
Academic text (1997)
Synonyms
119
3.3
A decision by a government or organization to use less money
71
7.4
Government policy of cutting public spending and services to reduce debt
49
3.7
A smaller amount of money or resources that an organization uses to lower costs
27
4.5
Cutting jobs and costs in a company to save money
19
3.0
Steps a company takes to spend less money
13
7.0
A government action that cuts public spending or raises taxes to reduce debt
3
7.5
A cut that reduces something or stops it earlier than planned
Antonyms
How Large
- Literature
71
7.4
- Formal
4
8.1
- Jargon
27
4.5
49
3.7
∞
2.3
Surface Forms
Morphology
Etymology
Retrenchment comes from re- meaning 'back' and trench meaning 'to cut', so it means 'cutting back'. That's why retrenchment is used for reducing spending or costs to save money.